Casio 2012 Annual Report Download - page 21

Consolidated Income Statements and Consolidated Statements of Comprehensive Income
Years ended March 31, 2012 and 2011 Casio Computer Co., Ltd. and Consolidated Subsidiaries
Consolidated Income Statements
Millions of Yen
Thousands of
U.S. Dollars (Note 1)
2012 2011 2012
Net sales (Note 14) ..................................................................... ¥301,660 ¥341,678 $3,678,780
Costs and expenses (Note 14):
Cost of sales ........................................................................... 195,622 227,923 2,385,634
Selling, general and administrative expenses ........................... 89,559 93,875 1,092,183
Research and development expenses ...................................... 7,414 7,838 90,414
292,595 329,636 3,568,231
Operating income (Note 14) ...................................................... 9,065 12,042 110,549
Other income (expenses):
Interest and dividends income ................................................ 1,227 1,328 14,963
Interest expenses .................................................................... (1,002) (840) (12,219)
Equity in losses of affiliates ..................................................... (2,158) (1,593) (26,317)
Foreign exchange gains .......................................................... 141 693 1,720
Loss on sales and retirement of noncurrent assets ................... (54) (363) (659)
Gain (loss) on valuation and sales of investment securities ...... 133 (202) 1,622
Impairment loss (Notes 14 and 17) ......................................... (515) (646) (6,280)
Loss on disaster (Note 17)* ..................................................... (157) —(1,915)
Loss on adjustment for changes of accounting standard
for asset retirement obligations ............................................ —(152) —
Loss on transfer of business .................................................... (1,640) —(20,000)
Directors’ retirement benefits ................................................. (1,319) (13) (16,085)
Loss on liquidation of subsidiaries and affiliates (Note 17)** ... (2,673) —(32,598)
Other, net .............................................................................. (333) 79 (4,061)
(8,350) (1,709) (101,829)
Income before income taxes and minority interests ............... 715 10,333 8,720
Income taxes (Note 10):
Current .................................................................................. 3,616 3,878 44,098
Deferred ................................................................................. (5,605) 1,207 (68,354)
(1,989) 5,085 (24,256)
Income before minority interests ............................................. 2,704 5,248 32,976
Minority interests in income (loss) ................................................ 148 (434) 1,805
Net income ........................................................................... ¥ 2,556 ¥ 5,682 $ 31,171
Yen U.S. Dollars (Note 1)
Amounts per share of common stock:
Net income............................................................................. ¥ 9.51 ¥20.90 $0.12
Diluted net income ................................................................. 8.68 19.10 0.11
Cash dividends applicable to the year ..................................... 17.00 17.00 0.21
* Loss incurred as a result of the floods in Thailand.
** Loss incurred from the liquidation of consolidated subsidiary Kofu Casio Co.,Ltd.
See accompanying notes.
Consolidated Statements of Comprehensive Income
Millions of Yen
Thousands of
U.S. Dollars (Note 1)
2012 2011 2012
Income before minority interests ............................................. ¥2,704 ¥5,248 $32,976
Other comprehensive income:
Valuation difference on available-for-sale securities ................ (1,243) (1,398) (15,159)
Deferred gains or losses on hedges ......................................... 049 0
Foreign currency translation adjustment ................................. (814) (2,210) (9,927)
Share of other comprehensive income of
associates accounted for using equity method ...................... (53) 53 (646)
Total other comprehensive income ......................................... (2,110) (3,506) (25,732)
Comprehensive income ............................................................. 594 1,742 7,244
Comprehensive income attributable to:
Shareholders of the Company ................................................ 446 2,179 5,439
Minority interests.................................................................... 148 (437) 1,805
Reclassification adjustments and tax effects for other comprehensive income for the year ended March 31, 2012:
Millions of Yen
Thousands of
U.S. Dollars (Note 1)
2012 2012
Valuation difference on available-for-sale securities
Increase (decrease) during the year ............................................................... ¥(2,156) $(26,293)
Reclassification adjustments.......................................................................... 0 0
Amount before income tax effect............................................................ (2,156) (26,293)
Income tax effect .................................................................................... 913 11,134
Total ....................................................................................................... (1,243) (15,159)
Deferred gains or losses on hedges
Increase (decrease) during the year ............................................................... (40) (488)
Reclassification adjustments.......................................................................... 58 708
Amount before income tax effect............................................................ 18 220
Income tax effect .................................................................................... (18) (220)
Total ....................................................................................................... 0 0
Foreign currency translation adjustment
Increase (decrease) during the year ............................................................... (861) (10,500)
Reclassification adjustments.......................................................................... 47 573
Total ....................................................................................................... (814) (9,927)
Share of other comprehensive income of associates accounted
for using equity method
Increase (decrease) during the year ............................................................... (53) (646)
Total other comprehensive income ..................................................................... ¥(2,110) $(25,732)
See accompanying notes.
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CASIO Annual Report 2012
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